Cybersecurity budgets are expected to climb fast, with 68% of organizations reporting increased spend in 2024 and endpoint security revenue forecast to reach $41.5 billion by 2027. At the same time, the infrastructure behind it is scaling just as quickly, from $116.6B in cloud infrastructure and platform services in 2023 to a projected $203.1B by 2027. Current Industry statistics put the tension in sharp focus, where faster support and wider zero trust adoption are still running into costly breaches and DDoS attacks.
Key Takeaways
- 4.95 billion people are expected to be internet users worldwide in 2024 (global)
- Worldwide IT spending is forecast to grow 8.5% in 2024
- In 2023, 56% of organizations had implemented a zero trust strategy or architecture
- Worldwide public cloud end-user spending is forecast to total $1.0T by 2027
- The global cloud infrastructure and platform services market is projected to grow from $116.6B in 2023 to $203.1B in 2027
- Global enterprise spending on cybersecurity is forecast to total $219B in 2024
- In 2023, 11% of breaches were discovered by third parties
- In 2023, the average breach involved 1,136 records
- The median time to first response from cloud providers is under 1 hour for 70% of support requests (2023)
- In 2023, the average cost of a DDoS attack was $2.4 million (median)
- 68% of organizations reported spending increased on cybersecurity in 2024 compared with 2023 (spending change trend)
- In 2024, 63% of organizations reported using AI in at least one business unit
- 98% of organizations reported using at least one security tool in 2023 (adoption of security tooling)
- 67% of organizations reported using a SaaS security posture management (SSPM) solution in 2024 (SaaS security adoption)
With rising cloud and AI adoption, cybersecurity spend is accelerating as breaches, DDoS, and phishing threats intensify.
Related reading
01 · Category
Industry Trends8 stats
01
4.95 billion people are expected to be internet users worldwide in 2024 (global)
02
Worldwide IT spending is forecast to grow 8.5% in 2024
03
In 2023, 56% of organizations had implemented a zero trust strategy or architecture
04
In 2024, global shipments of smartphones were forecast at 1.24 billion units
05
In 2024, 33.6% of web pages were served over HTTP/2 (global)
06
Ransomware is reported as the leading malware type by incidents in 2023 (malware trend share)
07
Phishing was involved in 1,835 reported incidents in 2023 (reported phishing incident count)
08
In 2023, 55% of organizations planned to increase their use of security automation within 12 months (automation intent)
Interpretation
Industry Trends Interpretation
Across Industry Trends, rapid digital growth and mounting threats are converging as 4.95 billion people use the internet worldwide in 2024 while ransomware leads malware incidents in 2023 and 55% of organizations plan to expand security automation within 12 months.
02 · Category
Market Size11 stats
01
Worldwide public cloud end-user spending is forecast to total $1.0T by 2027
02
The global cloud infrastructure and platform services market is projected to grow from $116.6B in 2023 to $203.1B in 2027
03
Global enterprise spending on cybersecurity is forecast to total $219B in 2024
04
Worldwide spending on AI hardware is forecast to total $51B in 2024
05
The global market for data analytics is expected to grow to $274.3B by 2026
06
The global IT service management (ITSM) software market is projected to reach $9.2B by 2028
07
Global data center IP transit traffic is forecast to reach 28.6 exabytes per month by 2027 (forecast network usage in data centers)
08
The global managed detection and response (MDR) market is expected to grow to $18.7 billion by 2030 (market value forecast)
09
$16.1 billion is forecast as global spending on identity and access management (IAM) in 2024 (market spend forecast)
10
The global enterprise software market is expected to reach $523.9 billion in 2024 (market size forecast)
11
Worldwide revenues from endpoint security are forecast to reach $41.5 billion in 2027 (revenue forecast)
Interpretation
Market Size Interpretation
The market size outlook for current industry is expanding rapidly, with worldwide public cloud end user spending projected to reach $1.0T by 2027 alongside continued growth in key categories like cloud infrastructure rising from $116.6B in 2023 to $203.1B in 2027.
03 · Category
Performance Metrics4 stats
01
In 2023, 11% of breaches were discovered by third parties
02
In 2023, the average breach involved 1,136 records
03
The median time to first response from cloud providers is under 1 hour for 70% of support requests (2023)
04
DDoS attacks targeted with amplification/reflection were the second most common DDoS vector in 2023 (attack vector distribution metric)
Interpretation
Performance Metrics Interpretation
Performance Metrics show that in 2023 response and impact vary widely, with third parties uncovering 11% of breaches and breaches averaging 1,136 records, while cloud providers deliver a first response in under 1 hour for 70% of requests.
More related reading
04 · Category
Cost Analysis2 stats
01
In 2023, the average cost of a DDoS attack was $2.4 million (median)
02
68% of organizations reported spending increased on cybersecurity in 2024 compared with 2023 (spending change trend)
Interpretation
Cost Analysis Interpretation
For Cost Analysis, the median DDoS attack cost hit $2.4 million in 2023 while 68% of organizations reported higher cybersecurity spending in 2024 than in 2023, underscoring how rising attack costs are driving increased investment.
05 · Category
User Adoption4 stats
01
In 2024, 63% of organizations reported using AI in at least one business unit
02
98% of organizations reported using at least one security tool in 2023 (adoption of security tooling)
03
67% of organizations reported using a SaaS security posture management (SSPM) solution in 2024 (SaaS security adoption)
04
63% of organizations reported using AI in at least one business unit in 2024 (AI adoption)
Interpretation
User Adoption Interpretation
User adoption is accelerating quickly in the current industry, with 63% of organizations already using AI in at least one business unit in 2024 alongside strong security tooling uptake where 98% used at least one security tool in 2023 and 67% adopted a SaaS security posture management solution in 2024.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
David Sutherland. (2026, February 13). Current Industry Statistics. Gitnux. https://gitnux.org/current-industry-statistics
MLA
David Sutherland. "Current Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/current-industry-statistics.
Chicago
David Sutherland. 2026. "Current Industry Statistics." Gitnux. https://gitnux.org/current-industry-statistics.
Sources & references
29 datasets cited across this report · attribution is report-level
+11 additional datasets cited (not shown individually)